All Forum Posts by: Stephanie Walker

Most of the homes under our management are 3-4 bedroom SFHs. They are typically furnished with high quality items and all in around $10,000-$12,000.

Homads posted this in a Facebook group I’m in and I LOVE the concept, though as an MTR property management company,  I find the numbers (in my market) tremendously low. What are your thoughts on it? Does it seem accurate in your market?

https://homads.com/calculator?...

Do you have family or friends in other states? A lot of our investor clients choose Charlotte partly because they have some "boots on the ground". That might be a good place to start!

I always recommend getting a primary first then turning that primary into your first rental property after your first year of owning it and living in it. Rinse and repeat!

I would invest for both. Cash flow matters but occupancy, population and growth matter too.

Get in touch with an agent in the areas you’re looking at. One that has connections and KNOWS the investment game. Sadly, we hear far too many stories in my market regarding bad investments and it’s really tough to dig yourself out.

If it were me, I'd do both! However, I know DC can be quite expensive and I'm not sure what laws you might have around STR there or in your possible beach property. That would be the first thing I would research as well as how competitive the area might be.

 Not necessarily! Flips are becoming harder and harder to find because the wholesalers take all of the margin. I think buy & holds are always the better option.

I'm not sure about the other markets you've mentioned but I do know Charlotte. Finding a cash flowing long term rental is very, very difficult in the Charlotte market right now, however, the equity potential is huge and our vacancy rates are very low compared to a lot of other markets.

I have clients that do well in OH but look to Charlotte for the faster equity growth and less risk due to the growth and vacancy rates. I think it depends on what your goals are, what your budget is, and your risk tolerance.

Hi Apoorva! I'd love to discuss MTR/STR locations and strategies in the Carolinas. There are a lot of moving parts with your questions so there's not a black and white response but I'll do my best.

1. We exclusively manage MTRs and know the best performing and most inquired about areas in my market. I'd start by figuring out what your target price is and what your target return is.

3. We charge 15% for MTR property management. From what we hear, our fee is very competitive.

4. We typically see our first stays between 2-4 weeks from the time the home is listed.

Hope that helps!

Hi Gokhan, I highly recommend reaching out to @Maranda Tucker with White Property Management for your long term property management needs. We recommend her to all of our clients and they have nothing but amazing things to say about their management style, professionalism and honesty.